New Car Hire Purchase
Hire Purchase Quotes On Your New Car
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Our free, independent and no-obligation service helps you to find and compare the cheapest deals available for your Hire Purchase requirements.
Select the manufacturer you're interested in from the list below, complete the form and get a quick response from our team:
New Car Manufacturers
Commercial Vehicle Manufacturers:
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- Land Rover
- Mercedes Benz
- Great Wall
- Azure Dynamics
Hire Purchase is a straightforward way to finance your new car or van. In a Hire Purchase agreement you will pay a deposit, followed by monthly payments (balance of car or van plus interest) over an agreed period of time without mileage restrictions. Once you have made the last agreed payment, the car or van is yours.
Tell me more about Hire Purchase?
How is my Hire Purchase payment worked out?
A finance company will take the following into consideration when working out Hire Purchase quotations for your new car or van:
- The on the road retail price of your new car or van before any other fees are taken in to consideration
- The deposit you place on your Hire Purchase agreement
- The price of your car or van that you may look to part exchange
- The length of your Hire Purchase agreement (e.g. 36 months)
- The rate of finance/APR
- Any fees (e.g.)
Example Hire Purchase Breakdown*
|Total Cash Price||£7288.00|
|Less Deposit (if any)||£1600.00|
|Amount of Credit||£5688.00|
|Total Amount Payable by Instalments (5+6+£25 option fee)||£8834.52|
|Number of instalments||48|
|First monthly instalment (including acceptance fee)||£232.49|
|Followed by 46 monthly payments of||£182.49|
|Final Instalment (including option to purchase fee)||£207.49|
|Total charge for credit (6+7+option fee)||£3146.52|
|Total Amount Payable||£10434.52|
*example taken from here
What are the Benefits of a Hire Purchase?
- Your monthly payments are set at the start of the term and so you can budget accordingly
- Once the final payment has been made you will own the vehicle outright
- There are no mileage restrictions
Why not use our Free, no obligation service to get several great Hire Purchase quotes from our approved network of dealers and finance providers today!Compare quotes now